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20121002
20121010
Search Results 0 to 33 of about 34 (some duplicates have been removed)
-- all this while cutting tax rates and not changing the amount of money the federal government brings in. an analysis by the tax policy center shows governor romney will have to make some big tradeoffs. >> so, governor romney has made five promises. he can't keep them all. he is going to have to, at some point, abandon one of those promises. he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zo, i think, is wrong. and once you relax that assumption, then, all of a sudden, other things start to be possible. >> reporter: but it's hard to be sure about the impact of tax cuts on the economy, which is why the experts in congress and the treasury who are responsible for estima
have is hiring that is concentrated, most recently, in the government sector. hiring that is concentrated, most recently in education and healthcare. a little bit of positive news coming from construction. but in a lot of the business services and goods-producing industries and manufacturing, things look pretty soft at this moment. >> reporter: in addition, 2,000 temporary jobs were cut, which is often looked at as a barameter of future employment. but, the average work week rose to 34-and a half hours... and employers typically boost the workload of existing staff.. before taking on new workers. with all these cross-currents, the employment situation may be but the bottom line seems to be that the economy is improving, but not nearly as quickly as most people would like. >> we lost so many jobs during the great recession, that we are slowly clawing our way out of that hole.. but still at a pretty slow pace." >> reporter: the government's next jobs report will come out just 4 days before the presidential election. by then, many voters will have made up their minds. so
, but not on any resolution to the scheduled tax increases in government spending cuts. the nonpartisan tax policy center figures taxeses will go up by almost $3500 per household next year if certain tax cuts are allowed to expire. the report says 90% of households would see higher federal taxes. you can learn more about the fiscal cliff and why it matters, go to our website: www.nbr.com. nokia is on track to team up with major software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that
've got to tell their government to stop cyber attacking the united states. >> reporter: huawei aggressively pushed back. the company says the intelligence committee provided no clear evidence of wrong doing and it dismissed the report as politically motivated. a spokesman for huawei says the company is owned by its employees and its work around the world is trusted and proven. >> our procurements from us companies totaled $6.6 billion. that's tens of thousands of jobs. these recommendations put at risk american jobs. >> reporter: huawei appears to operate as a purely commercial enterprise, but it is hard to sort out who owns the company and how much of it. the intelligence committee report concludes some chinese telecomm equipment secretly transmitted information back to china. that's what concerns u.s. cyber- security experts. they fear the chinese government could use huawei's technology to access sensitive information. >> i think it is a legitimate concern. now the question is how much that concern is being used in the u.s. to block a much larger range of investments, becaus
. >> reporter: but government auditors report most federal job-training programs have not done the expensive studies needed to determine whether or not they are effective. and those that have done impact studies find only small or short-term benefits from job training. >> which i think is remarkable that, after five decades, that the main federal auditor, the g.a.o., can't really find that these programs work really well at all. >> reporter: but governor romney still talks up job training. he backs personal reemployment accounts that workers can use to find training and job counseling. and he wants states to take the lead, not the federal government. there are now 47 different federal training programs, and romney calls that duplication a waste. >> all that money, all that overhead-- what i want to do is take those dollars and bundle it up, send it back to nevada and say, "you train your people for the jobs the people of nevada need and want." >> reporter: most of those 47 programs are very small and they're aimed at groups like veterans and the poor. governor romney would replace them with
was surprisingly perky in september. that's according to data out just two days before the government's crucial and more complete monthly jobs report. payroll processor a.d.p. said employers added 162,000 jobs last month, stronger than expected. but the pace is slowing, and numbers for july and august were revised lower. still, there are signs the job market is improving, but no where close to replenishing the jobs lost in the great recession. suzanne pratt reports. >> reporter: few things would make more americans happy than a healthy job market. from recent college grads to president obama, their future might look more certain if companies really ramped up hiring. economists say there's too much uncertainty on the horizon for that to happen any time soon. the good news is that firms have stopped cutting jobs. the bad news is they're still too nervous to hire more than a handful of new workers. friday, economists predict the september employment report will show a modest 113,000 new positions were added, barely better than august. still, some believe current data underestimates what's really h
of meetings with customers and as well as high government officials, and i could see that they're putting in a similar program which is strongly targeted on the infrastructure side. so i'm confident that we will see growth coming back most likely at the end of the fourth quarter, i believe. and the u.s., atz as i just said, is doing a little better than we originally thought driven by the two strong segments, automotive and aerospace. >> susie: how are you factoring demand forecast when the international monetary fund saying today there are serious risks of a global recession? things are slowing down in china. how are you meet those kinds of high demands in the way that you're forecasting? >> look, we see the industry, and there's a lot of industry that is are wanting more and more aluminum. we see in the u.s., for instance, the automotive industry, not only growing but more strongly growing on the aluminum side, driven by regulations for lower emissions. and stronger kuflt mersensitivity for fuel efficiencies. and these two things come together and bring substantial amount of aluminum g
Search Results 0 to 33 of about 34 (some duplicates have been removed)